Is Mangalam Cement Ltd (MANGLMCEM) a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Mangalam Cement Ltd is a average quality company .

Is Mangalam Cement Ltd (MANGLMCEM) undervalued or overvalued?

The key valuation ratios of Mangalam Cement Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Mangalam Cement Ltd (MANGLMCEM) share price return in the past 10 years?

Mangalam Cement Ltd share price has appreciated 13.7% annually (CAGR) over the past ten years.

Is Mangalam Cement Ltd (MANGLMCEM) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Mangalam Cement Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Mangalam Cement Ltd (MANGLMCEM)?

Company share prices are keep on changing according to the market conditions. The current trading price of Mangalam Cement Ltd (MANGLMCEM) on 13-Apr-2026 12:15:00 at 12:15 is 869.10.

What is the market cap of Mangalam Cement Ltd (MANGLMCEM)?

Market capitalization is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 13-Apr-2026 at 12:15, the market cap of Mangalam Cement stood at Rs. 2380.17 Cr.

What is the P/E ratio of Mangalam Cement?

The latest standalone P/E ratio of Mangalam Cement as of 13-Apr-2026 is 29.52.

What is the P/B ratio of Mangalam Cement Ltd (MANGLMCEM)?

The latest standalone P/B ratio of Mangalam Cement Ltd (MANGLMCEM) as of 13-Apr-2026 is 2.61.

What is the 52-week high and low of Mangalam Cement Ltd (MANGLMCEM)?

The 52-week high of Mangalam Cement Ltd (MANGLMCEM) is Rs. 939.30 and the 52-week low is Rs. 679.80.

What is the TTM revenue of Mangalam Cement Ltd (MANGLMCEM)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Mangalam Cement is Rs. 1770.90 (Cr.).

Mangalam Cement Ltd (MANGLMCEM) Share Analysis – Order Book, Quality & Valuation Zone & DeciZen Rating

Name: Mangalam Cement Ltd (MANGLMCEM)
Brand: Mangalam Cement

10 Year X-Ray :

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	1.6%	10.9%	7.4%	3.7%	16.6%	16.9%	13.8%	6.9%	12%	9.7%	-
Value Creation Index ⓘ	-0.9	-0.2	-0.5	-0.7	0.2	0.2	0.0	-0.5	-0.1	-0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	842	905	1,080	1,200	1,228	1,305	1,566	1,802	1,725	1,681	1,771
Sales YoY Gr.	-	7.5%	19.3%	11.1%	2.4%	6.2%	20%	15%	-4.2%	-2.6%	-
Adj EPS ⓘ	-8	11.5	2.7	-4.9	27.7	34.7	28.2	10.6	20.5	16.5	29.3
YoY Gr.	-	NA	-76.1%	-278.1%	NA	25.2%	-18.8%	-62.4%	93.4%	-19.3%	-
BVPS (₹) ⓘ	177.3	189.6	192.9	188.6	215.8	249.9	269.9	275	295.2	309.8	331.5
Adj Net Profit ⓘ	-21.4	30.6	7.3	-13	73.9	92.6	77.4	29.1	56.3	45.5	81
Cash Flow from Ops. ⓘ	74.5	163	85.9	84.4	216	234	189	139	182	188	-
Debt/CF from Ops. ⓘ	5.7	2.4	4.3	6.1	2.7	2.7	3.3	4.4	3.3	3.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8%	6.5%	2.4%	-2.6%
Adj EPS ⓘ	NA	-9.8%	-16.3%	-19.3%
BVPSⓘ	6.4%	7.5%	4.7%	5%
Share Price	13.7%	25.6%	45.6%	8%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-4.3	6.3	1.4	-2.6	13.7	14.9	11	3.9	7.2	5.5	9.1
Op. Profit Mgn % ⓘ	5.3	13	7.6	4.8	16.2	18.8	14	8.4	11.7	9.7	12.3
Net Profit Mgn % ⓘ	-2.5	3.4	0.7	-1.1	6	7.1	4.9	1.6	3.3	2.7	4.6
Debt to Equity ⓘ	0.9	0.8	0.7	1	1	0.9	0.8	0.8	0.7	0.7	-
Working Cap Days ⓘ	137	111	102	122	146	145	116	108	120	134	78
Cash Conv. Cycle ⓘ	-7	-7	-4	-6	-13	-2	4	4	4	7	-18

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.10%

Debt to equity has declined versus last 3 years average to 0.72

Sales growth has been subdued in last 3 years 2.39%

Net Profit has been subdued in last 3 years -16.27%

Sales growth is not so good in last 4 quarters at 9.94%

	Standalone	Consolidated
TTM EPS (₹)	29.3	-
TTM Sales (₹ Cr.)	1,771	-
BVPS (₹) ⓘ	331.5	-
Reserves (₹ Cr.) ⓘ	884	-
P/BV ⓘ	2.61	-
PE ⓘ	29.52	-

From the Market
52 Week Low / High (₹)	679.80 / 939.30
All Time Low / High (₹)	3.10 / 1095.65
Market Cap (₹ Cr.)	2,380
Equity (₹ Cr.)	27.5
Face Value (₹)	10
Industry PE ⓘ	37.7

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	842	905	1,080	1,200	1,228	1,305	1,566	1,802	1,725	1,681
Operating Expenses ⓘ +	797	787	997	1,143	1,029	1,060	1,348	1,654	1,523	1,524
Manufacturing Costs	231	243	351	442	399	350	509	746	648	548
Material Costs	210	171	194	213	142	224	275	293	228	308
Employee Cost	72	78	88	89	111	117	118	113	128	132
Other Costs ⓘ	284	295	364	399	377	369	446	502	518	535
Operating Profit ⓘ	45	118	82	57	199	245	218	148	202	157
Operating Profit Margin (%)	5.3%	13.0%	7.6%	4.8%	16.2%	18.8%	13.9%	8.2%	11.7%	9.4%
Other Income ⓘ +	7	21	28	24	30	25	27	35	38	61
Exceptional Items ⓘ	0	0	0	0	0	0	0	-19	0	0
Interest ⓘ	46	47	47	51	63	69	64	66	68	69
Depreciation ⓘ	37	40	44	46	49	63	62	69	74	79
Profit Before Tax ⓘ	-31	50	19	-16	117	138	119	28	99	70
Tax ⓘ	-10	14	8	-6	41	44	41	11	39	25
Profit After Tax	-21	37	11	-10	76	93	78	17	60	45
PAT Margin (%)	-2.6%	4.1%	1.1%	-0.8%	6.2%	7.2%	5.0%	1.0%	3.5%	2.7%
Adjusted EPS (₹)	-8.0	13.7	4.3	-3.7	28.4	35.0	28.3	6.2	21.7	16.4
Dividend Payout Ratio (%)	-6%	5%	12%	-14%	4%	4%	5%	24%	7%	9%

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	473	506	515	503	576	667	742	756	812	852
Share Capital ⓘ	27	27	27	27	27	27	27	27	27	27
Reserves ⓘ	447	479	488	477	549	640	715	729	784	824
Debt +	350	299	280	406	493	546	537	530	515	546
Long Term Debt	281	228	189	292	348	413	363	291	245	194
Short Term Debt	69	71	92	114	144	133	174	239	270	352
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	111	126	144	167	180	194	177	249	235	245
Others Liabilities ⓘ	267	282	281	341	344	451	472	454	506	524
Total Liabilities ⓘ	1,201	1,213	1,220	1,417	1,593	1,858	1,928	1,990	2,068	2,166
Fixed Assets
Net Fixed Assets ⓘ +	744	814	831	821	915	980	1,141	1,170	1,165	1,185
Gross Block	781	890	952	987	1,129	1,261	1,483	1,580	1,648	1,728
Accumulated Depreciation	37	77	121	166	214	281	342	410	483	543
CWIP ⓘ	71	49	5	73	21	112	10	17	43	5
Investments ⓘ	20	28	36	33	65	71	104	78	84	91
Inventories	116	102	112	117	164	224	203	257	308	275
Trade Receivables	35	34	36	35	27	39	37	37	34	40
Cash Equivalents	29	25	22	14	84	166	153	143	155	167
Others Assets ⓘ	187	162	177	325	317	265	279	289	279	402
Total Assets ⓘ	1,201	1,213	1,220	1,417	1,593	1,858	1,928	1,990	2,068	2,166

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	75	163	86	84	216	234	189	139	182	188
PBT ⓘ	-31	50	19	-16	117	136	119	28	99	70
Adjustment ⓘ	78	67	78	85	90	115	112	120	116	127
Changes in Working Capital ⓘ	28	47	-6	16	20	-1	-17	4	-25	5
Tax Paid ⓘ	-0	-1	-5	0	-11	-17	-25	-14	-8	-14
Cash Flow From Investing Activity ⓘ +	-62	-91	-17	-176	-156	-172	-134	-64	-112	-132
Capex	-65	-87	-18	-101	-166	-78	-123	-125	-98	-114
Net Investments	1	-5	-1	9	-41	-98	-50	35	-23	-27
Others ⓘ	2	2	2	-84	51	4	40	27	10	9
Cash Flow From Financing Activity ⓘ +	-13	-77	-67	83	3	-41	-73	-89	-86	-63
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-1	-33	-37	116	33	43	115	-75	-39	-69
Interest Paid ⓘ	-42	-45	-47	-54	-63	-67	-66	-72	-69	-66
Dividend Paid ⓘ	-6	-2	-2	-2	-2	-3	-4	-4	-4	-4
Others ⓘ	36	2	20	22	35	-14	-118	62	27	77
Net Cash Flow ⓘ	-0	-5	2	-9	63	20	-18	-14	-15	-7

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-4.35	7.48	2.23	-1.91	14.06	15.04	11.03	2.29	7.62	5.42
ROCE (%)	1.63	10.9	7.43	3.65	16.55	16.86	13.8	6.87	12	9.69
Asset Turnover Ratio	0.79	0.87	0.92	0.91	0.82	0.76	0.87	0.95	0.9	0.86
PAT to CFO Conversion(x)	N/A	4.41	7.82	N/A	2.84	2.52	2.42	8.18	3.03	4.18
Working Capital Days
Receivable Days	12	12	12	11	9	9	8	7	7	7
Inventory Days	52	38	35	35	42	54	47	45	56	58
Payable Days	187	253	253	266	445	305	246	266	388	284

About Mangalam Cement Ltd

Mangalam Cement Limited was promoted in the year 1978 by the famed house of Shri B KBirla, the most eminent and illustrious industrialist of the country.

It is a professionally managed and well established cement manufacturing company enjoying the confidence of consumers because of its superior quality product and excellent customer service.

The company has recently commissioned its state-of-the-art new cement plant with German technology for producing 7 lakh tonnes per annum at its existing site at Morak, Distt. Kota in Rajasthan under the name of Neer Shree Cement.

In 1996, a major power failure led to the stoppage of production in the Mangalam Cement kiln for the entire month of December and the company decided to set up a pre-calcinator that year. The company was reduced to the status of a sick company in 2000 and its net worth declined, but in 2004 Mangalam Cement was facilitated by the one-time settlement struck between Mangalam Cement and its financiers and it was relieved of a sum of Rs.119 crore.

In 1992, the B.K. Birla Group considered plans to set up a new manufacturing unit after Mangalam Cement and decided to name it as Neer Shree Cement, and this plant was supposed to incorporate all the latest technologies available in Germany. The project required a capital investment of Rs153 crore and the plant ultimately began its production in the year 1994 and was recognized with ISO-9002 Certification in 1996-97.

As an integral part of environment protection drive, it employs latest pollution control techniques to minimize pollution and make the environment eco-friendly. It has a well-designed environmental policy to achieve the objective of environmental commitment by management.

In 2010 Mangalam Cement okayed merger of sister firm - Mangalam Timber Products with itself.

Product range of the company includes:

Birla Uttam Cement- 43 Grade
Birla Uttam Cement- 53 Grade
Birla Uttam Cement- Portland pozzolana cement (PPC)

Awards/ Achievements

The products produced by the company are as per the BIS Specification.
Implementation of ISO 14001 is currently underway at its plants.
Awards Won during Mines Environment and Mineral Conservation Week 2005-06 include third position for Over all Performance and Air Pollution Control, second position in Reclamation, Rehabilitation & Restoration of Land.
Awards Won during the Mines Safety Week 2005 include first prize for Over all Performance, Heavy Earth Moving Machinery and maintenance, Electrical Installation and Mine Lighting, Opencast Working Places and Supervision and second prize for Welfare Amenities and Protective Equipments, Publicity Propaganda and Housing Keeping.
Awards Won during Mines Environment and Mineral Conservation Week 2004-05, Ajmer Region involves second prize for overall performance and first prize for Reclamation, Rehabilitation & Restoration of Land, Water Pollution Control.

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Mangalam Cement Ltd (MANGLMCEM) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Mangalam Cement Share Price